The company is seeking 16 acres of land from Mysuru Urban Development Authority for the plant.
“The company has applied under the electronic component manufacturing scheme, the deadline for which has been extended till September. The investment will be Rs 800 crore to Rs 900 crore. The company is assessing the feasibility,” one of the sources said.
Amber Enterprises did not respond to ET’s queries till press time Wednesday.
The company is already investing Rs 3,200 crore in an electronics manufacturing plant near the upcoming Noida International Airport at Jewar. Spread over 16 acres, this will manufacture high density interfaces and substances. The company intends to set up manufacturing units for printed circuit board (PCB) assembly, home appliances and consumer electronics here from laptops, IT hardware and semiconductors. The construction of the plant is yet to begin.
Amber Group’s subsidiary Ascent Circuits is also investing Rs 990 crore to set up a PCB manufacturing facility in Hosur, Tamil Nadu. This will produce a wide range of PCBs from single sided to complex multi-layer and specialty circuits, lighting and appliances. The company hopes to operationalise the plant in the first quarter of 2026. The plant will be spread over 12.37 acres. It will be next to Ascend Circuits, which the Amber Group acquired.
The ministry of electronics and information technology (MeitY) launched the Electronics Component Manufacturing Scheme in April. This initiative is designed to boost the domestic production of electronic components and sub-assemblies, aiming to position India as a key player in the global electronics value chain.
The scheme offers a range of financial incentives to attract both global and domestic investments in the sector. It provides financial incentives linked to turnover, capital expenditure and employment.
The incentives are applicable to several categories of electronic components like sub-assembly, bare component, selected bare component, and supply chain ecosystem and production auxiliary tools.
